News

TIO deploys 1000th kiosk

October 24, 2006

BURNABY, British Columbia — TIO Networks Corp. announced the deployment of 27 self-serve automated kiosks in Cincinnati, Lexington. Ky., and Louisville, Ky.

With these new deployments, TIO Networks has surpassed the milestone of more than 1,000 deployed kiosks in partnership with tier-1 convenience-store chains and wireless retail outlets in 29 states.

The touchscreen, cash-accepting and authenticating kiosks enable cash-paying customers to pay their wireless, utility, cable and other bills in real-time by inserting the cash directly into the terminal. Transactions are securely completed and payments are posted with time-sensitive urgency to the customer's account. Customers have the option to print and/or e-mail their receipt.

In addition, the company has signed up more than 200 locations in the past 60 days to participate in "TIO Express," its clerk-assisted payment program. These locations offer patrons real-time bill payment services by leveraging TIO's Web processing client. The "TIO Express" program combines the convenience of in-person customer service with real-time posting to personal accounts.

"Breaking the 1,000 kiosk mark gives TIO the critical mass to be truly recognized as a national network," said Hamed Shahbazi, chairman and chief executive of TIO Networks. "This achievement along with the rapid growth in TIO Express is garnering great enthusiasm among consumers and our deployment partners. TIO will continue to pursue a disciplined but aggressive network expansion of its TIO services by leveraging its growing distribution options."